On October 11, China Kweichow Moutai Distillery (Group) Co,.Ltd.(Chinese: 中国贵州茅台酒厂(集团)有限责任公司, 600519.SS) held its first meeting for the year 2024 - the 2024 Production and Quality Conference. At the meeting, Ding Xiongjun, the Chairman of Kweichow Moutai, announced that the company will establish an ESG Promotion Committee at the group level.
"Moutai will fully practice the ESG concept throughout all areas," Ding Xiongjun stated. He emphasized that modern enterprises should pursue value, which should encompass not only economic value but also ecological and social value. ESG is a system to evaluate whether a company is "pursuing sustainable development," and, according to Ding, "ESG is now a widely accepted concept." He stressed that apart from the group level, all subsidiaries should also follow the principle of "implementing everything that should be implemented, and everything that can be implemented must be implemented." In his view, the publication of ESG reports is crucial for Kweichow Moutai's journey towards "becoming a world-class company with a world-class brand." ESG principles should be integrated into all aspects of each company, including suppliers and distributors.
Kweichow Moutai has published its "ESG Report" for two consecutive years and will continue to release it annually in the future.
During the conference, Ding Xiongjun highlighted the bottle recycling initiative of Kweichow Moutai as a significant achievement for the year. It was reported that Guiding Jingqi Glass Bottle Factory started its first-phase furnace in March of this year and simultaneously initiated the Kweichow Moutai glass bottle recycling and reuse project. Ding Xiongjun explained that this process of bottle recycling is termed "reverse logistics."
The recycling of glass bottles helps Guiding Jingqi Glass Bottle Factory reduce energy consumption, resource usage, and pollution while improving product quality. It promotes the low-carbon, environmentally friendly, and energy-saving goals of the daily-use glass industry and serves as a reflection of Kweichow Moutai's commitment to the ESG philosophy.